Financial advisor misconduct can be hard to spot, and many unscrupulous brokers depend on their clients ignoring their account statements or not asking questions about what they see reported. If you’re concerned about financial advisor misconduct or investment fraud, it is important to understand your account statements.
We often talk about how to spot fraud or misconduct before you invest your money, but your account statements can also tip you off that something isn’t right even after you invest. Here are a few things to watch for:
- Transactions you did not authorize or do not understand
- Withdraws beyond your normal distributions
- Losing money when similar investments have gained
- Seeing an overall decline in your investments
- Big gains or losses when you have communicated a low risk tolerance
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If you see these signs of investment misconduct on your account statements, or if you have another reason to suspect financial advisor fraud or misconduct, don’t wait until it’s too late to take action. Speak with an experienced financial advisor misconduct attorney with Meyer Wilson for a completely free, no-obligation case analysis. Just give us a call or use the confidential contact form on this page.
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